BlackRock CEO says Ukraine invasion could be used to accelerate use of central bank digital currencies

The CEO of BlackRock, one of the biggest investment corporations in the world, thinks that the war in Ukraine and the events surrounding it could be used to accelerate the adoption of digital money controlled by central banks.

In a letter to shareholders sent on Thursday, Larry Fink wrote that this could prove to be one of the outcomes of the war that are currently by and large under the radar.

According to Fink, whose company manages $10 trillion worth of assets, countries around the world will be reevaluating what he called their “currency dependencies.”